As “lender of the last resort,” the Federal Reserve makes credit available to financial institutions on an overnight basis through its discount window. According to the Fed, the discount ...

Dallas Federal Reserve Bank President Lorie Logan on Tuesday floated the idea of allocating a "modest" part of the Fed's balance sheet to loans and repos, perhaps holding a daily auction of ...

Speaking at a conference in London, Logan added that auctioning off a fixed quantity of discount-window loans each day may "encourage banks' operational readiness" and demonstrate that borrowing ...